The Reserve Bank of India announced the withdrawal of Rs 2000 denomination banknotes from circulation while also stating that these notes will remain legal tender.
The RBI had given four months duration to ensure that the exercise is completed on schedule and to give the public enough time to prepare. The last date to deposit and or exchange facility for Rs 2000 banknotes until September 30, 2023.
Here is a step by step guide to exchange Rs 2000 notes in bank
Step 1 – Visit the nearest bank branch with Rs 2000 notes available with you.
Step 2- Fill in the requisition slip, enter the details required to facilitate the exchange process of Rs 2000 notes.
Step 3: Submit the slip along with Rs 2000 notes to be exchanged with other denominations.
Note that depending on the bank, the procedure could change. In the event of an exchange of Rs 2,000 notes, the RBI governor stated that banks will adhere to their own procedure and standards.
Exchange limit
The RBI has set a maximum of Rs 20000 on the amount that can be exchanged for a single Rs 2000 note.
As we are stepping into September month, there are many holidays scheduled in the month of September according to the RBI holiday list. So, individuals who are yet to exchange or deposit should make note of the holidays in residing states.
There will be 16 bank holidays in September across different states in India including Sundays, second Saturday and fourth Saturday, according to the Reserve Bank of India holiday list.
State wise bank holiday list in September 2023
- September 6, 2023: Shri Krishna Janmashtami- Banks are closed in Orissa, Tamil Nadu, Andhra Pradesh, Bihar.
- September 7, 2023: Janmashtami (Shravan Vd-8) and Shri Krishna Ashtami: Banks are closed in Gujarat, Madhya Pradesh, Chandigarh, Sikkim, Rajasthan, Jammu, Bihar, Chhattisgarh and Jharkhand, Meghalaya, Himachal Pradesh, and Srinagar.
- September 18, 2023: Varsiddhi Vinayak Vrata and Vinayaka Chaturthi: Banks are closed in Karnataka and Telangana.
- September 19, 2023: Ganesh Chaturthi- Banks are closed in Gujarat, Maharashtra, Orissa, Tamil Nadu, and Goa.
- September 20, 2023: Ganesh Chaturthi (2nd day) and Nuakhai: Banks are closed in Orissa and Goa.
- September 22, 2023: Shree Narayana Guru Samadhi Day- Banks are closed in Kerala.
- September 23, 2023: Fourth Saturday and Maharaja Hari Singh’s birthday- Banks are closed in Jammu and Srinagar.
- September 25, 2023: Birth anniversary of Shrimant Sankardeva- Banks are closed in Assam.
- September 27, 2023: Milad-e-Sherif (Birthday of Prophet Mohammad)- Banks are closed in Jammu and Kerala.
- September 28, 2023: Eid-e-Milad or Eid-e-Miladunnabi (Birthday of Prophet Mohammad)- Banks are closed in Gujarat, Mizoram, Maharashtra, Karnataka, Tanil Nadu, UttaraKhand, Telangana, Manipur, Uttara Pradesh, New Delhi, Chhattisgarh, Jharkhand.
- September 29, 2023: Indrajatra and Friday after Eid-e-Milad-ul-Nabi- Banks are closed in Sikkim, Jammu and Srinagar.
